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How sustainability became a foundational pillar to building a successful business
Businesses play a crucial role in addressing environmental challenges and fostering sustainability. By incorporating Environmental, Social, and Governance (ESG) goals into their operations, companies can make a positive impact while also gaining rapport with their customers. By identifying the best ways to integrate ESG goals into their business strategies, companies can actively contribute to combating
South Africa narrowly avoided slipping into a ‘technical’ recession in Q1 23 despite the sharp escalation in load shedding
Growth will be the main domestic macro focus this week with the Q1 23 national accounts data. Despite the sharp deterioration in rotational power cuts, Absa group believes South Africa narrowly avoided slipping into a ‘technical’ recession in Q1. The bank forecast real GDP growth of 0.2% q/q sa for the quarter after 1.3% contraction in
S&P Works on Ghanian Eurobonds, Senegal and Uganda’s Ratings Affirmation
S&P, on 2 June, cut the ratings of two more Ghanaian Eurobonds to D from CC after the country missed principal and interest payments on these bonds (the USD1bn 2029 and USD1bn 2049 bonds). At the same time, the agency affirmed its SD/SD long- and short-term foreign currency and its CCC+/C long- and short-term local
FNB boosts service delivery by issuing over 400 000 Smart IDs and passports via its branches
FNB says it has issued over 400 000 Smart IDs and passports via its branches since 2015 with its partnership with the Department of Home Affairs (DHA). The support of service delivery will enable ease of access to these important identity documents. Over the period, the Bank issued 192 954 Smart IDs and 233 026 passports
Google leads $36 million in satellite imaging start-up Pixxel
A satellite-image Bengaluru-based Pixxel raised $36 Million in a series B funding round which will be led by Google becoming the first major investment in the Indian space sector since the government launched its privatisation policy in April. Pixxel announced its Series B round on June 1st 2023, which included Google as well as existing
#SeeTheUnseen Capture the hidden beauty in everyday life with the HUAWEI P60 Pro
Photography has come a long way since the days of film and darkrooms. Back then, photographers lugged around bulky cameras and equipment. The early digital revolution started changing this for the better. We are now in the era of smartphones and smartphone photography which is accessible to everyone and has lent new meaning to the
IIASA Note the decline in the state of governance in municipal entities across South Africa
The IIASA said it notes with concern that the AGSA’s report on the MFMA 2021/22 local government audit outcomes details further breakdowns in governance, risk and control. The Institute of Internal Auditors South Africa notes, with concern, the decline in the state of governance in municipal entities across South Africa evidenced by the Auditor- General’s
Table Mountain Cableway set to shut down for a while due to maintenance
The Table Mountain Aerial Cableway Company (TMACC) has revealed that all it’s cable car operations will be closed for a few weeks in late July and early August so that annual maintenance work can take place. Because of this, cable cars will not be working between 24 July and 7 August. The Wahida Parker who
WhatsApp set upgrade and include screen sharing and usernames
WhatsApp has recently doing an amazing job in terms of upgrade and becoming more user friendly. The platform is now set to introduce two new key features soon. The instant messaging app is expected to soon roll out the ability for users to select a unique username, alongside functionality to support screen sharing during video
Google's Account Cleanup: Protecting Users and Clearing Space for New Subscribers
Google recently announced a massive server cleanup that resulted in the deletion of millions of email accounts. Gmail, the internet giant's popular email service, has grown tremendously in popularity since its launch in 2004 and has become one of the world's most widely used email systems. However, due to its massive user base and the
SA Watchdog Warns Against Chinese Scheme Targeting Locals
The South African Financial Sector Conduct Authority (FSCA) has issued a public warning about QZ Asset Management, a Chinese multi-level marketing scheme that has been organizing lavish investment events at high-end Johannesburg and Durban hotels. The FSCA has received numerous complaints from QZ Asset Management clients who have been unable to withdraw their funds since
BRICS Meeting in Cape Town: Expanding Membership and Exploring Currency
The BRICS group of emerging markets is looking to expand its global influence and capitalize on the fragmentation of the current world order. Foreign ministers from the BRICS countries, as well as representatives from Saudi Arabia, the United Arab Emirates, Egypt, and Kazakhstan, will meet in Cape Town to discuss the potential expansion of the
Court Dismisses Optimum Coal's Case for Richards Bay Coal Terminal Access
The Durban High Court recently dismissed Optimum Coal's petition for access to its export entitlement through the Richards Bay Coal Terminal (RBCT). Optimum Coal, formerly owned by the Gupta family and currently in business rescue, was barred from exporting coal by RBCT in January due to payment default. Allowing Optimum to resume exports, according to
Supreme Court Dismisses Appeal: Stork 'Butter Spread' Misleading Label Controversy
The Supreme Court of Appeal dismissed Siqalo Foods' appeal regarding the misleading labeling of their product, Stork Butter Spread. The court ruled that Siqalo Foods' labeling conveyed a false or misleading impression about the nature of the product. According to Judge Visvanathan Ponnan, the word "butter" was prominently displayed on the product label, while the
The new South African ‘mega city’ worth R30 billion
The company Citigroup Inc. has partnered up South Africa’s Gauteng provincial administration to fund almost R1.4 billion of investment in an all new mega-city project and airport south of Johannesburg. Citi South Africa head Peter Taylor said that the company through its South African unit, will make a seven-year loan facility available to a special
Eskom Paid R238 000 for a cleaning mop and R934 950 For A Kneepad
Former chief executive officer of power utility, Eskom Andre de Ruyter recently published his new book, Truth to Power: My Three Years Inside Eskom where he details the corruption and fraud at Eskom. In his memoir, Ruyter emphasizes that “negligence and carelessness had become cemented into the organisation”. He gives a behind the scene at
PepsiCo South Africa Buys the Remaining 50% Stake In Futurelife Health
PepsiCo South Africa has acquired the remaining 50% stake in Futurelife Health products. PepsiCo SA currently owns 50% of Futurelife stake and seeks to own 100% of the company. The acquisition comes after eight years since buying the first 50% stake. PepsiCo said earlier last month the South African Competition Commission recommended the conditional approval
South African Banking Risk Information and SAPS Urge South Africans To Be On The Lookout For Scams
The rate of scams has increased in South Africa so is online shopping, online banking, and contactless payment. Phishing attacks, malware attacks, and online fraud have increased significantly in 2023. The South African Banking Risk Information Centre (SABRIC) urges bank customers to make a conscious decision to institute good habits to avoid becoming victims of
The Presidency Released Progress Updates on Operation Vulindlela
Operation Vulindlela (OV) released by the Presidency yesterday shows further reform progress in various sectors since the last update in December covering the period up to Q3 22. Specifically, the update reports that 10 of 32 listed reforms have been completed, while one has been completed but needs some further intervention. Meanwhile, the report argues that
President Tinubu meet with CBN Governor Emefiele and NNPC CEO Kyari to discuss removal of the Fuel Subsidy
A day after being sworn in as the country’s 16th president, Bola Tinubu yesterday hit the ground running by meeting Central Bank of Nigeria (CBN) Governor Emefiele and Nigerian National Petroleum Company (NNPC) CEO Kyari to strategise on how to engage with labour unions on the removal of fuel subsidies. Following Tinubu’s announcement during his